Business news from Ukraine

Business news from Ukraine

Ukraine for 9 months reduced iron exports by 56%

15 October , 2022  

Ukraine in January-September this year reduced the export of pig iron in kind by 55.9% compared to the same period last year – up to 1 million 77.356 thousand tons.
According to statistics published by the State Customs Service (SCS), over the specified period, the export of pig iron in monetary terms decreased by 56.5% – to $550.490 million.
At the same time, exports were carried out mainly to the USA (41.75% of deliveries in monetary terms), Poland (34.1%) and Turkey (8.7%).
In January-September 2022, Ukraine imported 15 tons of pig iron from Germany for $25,000, while in 9 months-2021 it imported 149 tons of pig iron for $163,000 from Germany (64.42%), Russia (28.22%) and Slovakia (7.36%).
As reported, in 2021 Ukraine increased the export of pig iron in physical terms by 4.2% compared to 2020 – up to 3 million 235.772 thousand tons, the export of pig iron in monetary terms increased by 78.1% – up to $1 billion 642.596 million At the same time, exports were carried out mainly to the USA (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of pig iron worth $226 thousand from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417 thousand.

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